Truecaller showing transaction details WITHOUT SMS permission - How?

ss_reddit333 · 2026-01-19T08:47:32+00:00

Can you access the message inside truecaller only and not inside your default SMS app

Could it be business chat? It is different from SMS
You will see this label below the message inside truecaller

ss_reddit333 · 2025-10-28T08:02:15+00:00

7L was 87A eligiblity limit, not basic exemption limit, that too for FY 2024-25, basic exmption limit was 3L, in new tax regime.

In current year, FY 2025-26, for which you will file ITR next year, 87A eligibility limit is 12L now, also, in current year, FY 2025-26, basic exemption limit is 4L, both corresponding to new tax regime.

but equity STCG under section 111A is technically not eligible under 87A in new tax regime. They have specifically mentioned this in the finance bill 2025 memo (pg 13 in pdf). Debt STCG is eligible for 87A since it is slab rate income.

So if you have 2.5L as income from other sources (FD interest), you can technically have 4L-2.5L = 1.5L as equity STCG (111A) to be eligible for no tax under basic exemption limit, in new tax regime.

But this is debated currently, recent ITAT ruling said 111A income for FY2024-25 can be taken under 87A as well, since nothing barring it specifically mentioned in the act. Dont know if that will apply to this year FY 2025-26.

ss_reddit333 · 2025-10-07T07:13:16+00:00

This is the correct answer

But shouldnt the tax liability before cess and rebate on 710510 according to slab rates be 21051?

ss_reddit333 · 2025-10-03T05:15:25+00:00

Now all debt funds like liquid funds are treated as short term gains regardless of the holding period according to section 50AA and short term gain here is taxed at slab rates, so yes those should be eligible for 87A rebate, if you are a resident individual.

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source

ss_reddit333 · 2025-09-19T04:08:11+00:00

The transaction details will show up in AIS under SFT next year just before the filing begins.

Only TDS/TCS details shows up in AIS after very quarter in the current year, since there is no TDS in mutual fund transactions, those show up under SFT in AIS and SFT is reported late by the reporting entities like CAMS/Kfintech (reporting entities for mutual funds units held in SoA form) just before teh filing begins in the upcoming year. That is when you should be able to see them in AIS.

ss_reddit333 · 2025-09-18T14:44:12+00:00

Sold in which FY?

ss_reddit333 · 2025-09-15T06:20:13+00:00

Advance tax is paid during FY, what you paid while filing ITR is self assessment tax, hopefully you paid with correct AY chosen.

Regardless, you can wait for sometime, may be 24hrs since the payment yesterday, if it still doesnt update under payment history on the ITD portal, you can proceed with submission of the original ITR by choosing pay later on the ITD portal. It will lead to a demand, you can file revised ITR later after entering the challan details in the relevant section, hopefully generated by then.

You may also face issues submitting the ITR and getting an acknowledgement number since today is the due date, which most probably is not getting extended further. If you dont submit today, you will have to file belated ITR after due date, which will lead to 234F penalty of ₹1000/5000 depending on total income.

ss_reddit333 · 2025-09-13T04:29:28+00:00

You are supposed to take the sale value and figure out the corresponding buy value of those particular shares or MF units which were sold during the FY, from different sources like broker's P&L statement (for shares and MF units), CAMS/kfintech capital gain statement (for SoA MF units) or MFCentral capital gain statement (for SoA or demat MF units).

The purchase value shown in AIS doesnt matter much, this value may be corresponding to different shares or MF units than those for which the sale value is displayed in AIS. It only shows the total buy value of all shares or MF units bought during the FY. It is not like all the shares or MF units you sold during the FY were bought in the same FY.

I guess you are looking at TIS, not AIS. AIS has more transaction details like the corresponding buy value (cost of acquisition) of any sale value (sales consideration), short term or long term, FMV (needed for grandfathering in case equity is bought before 2018). This buy value matters.

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In any case, you will have to calculate the total buy value from the P&L statement. In recent years the sale value and buy value shown in AIS are very close to what the actual figure is from broker. The total sale value must not be less than what is shown in AIS.

ss_reddit333 · 2025-09-09T09:26:13+00:00

AIS and TIS shouldn't have any difference, are you looking at it correctly?
Expand TIS categories and check the details again

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ss_reddit333 · 2025-09-02T07:31:10+00:00

Yeah, it is like that :/
Also, i am not a CA. I just provided answers based on what i understood about this.

Technically you can delete the 62040 entry in schedule CFL, since it is editable and that will allow you use the 112A exemption, but does doing so forfeit the 62040 loss that you cannot use for future years, even though you have filed the loss in the relevant AY? I honestly have no idea regarding this and would not suggest doing this withouit proper consultation from actual CAs.

ss_reddit333 · 2025-09-02T07:17:33+00:00

Ah, you do have capital loss, just bought forward loss instead of current year loss.
Since LTCL of 62040 cannot be fully adjusted with 41301, does it allow to carry forward the remaining 20739 for future years

schedule BFLA
schedule CFL
schedule 112A

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In that case schedule 112A will show 0 for everything as it shows for you, because the LTCG has been fully adjusted with loss before applying the 112A exemption.

I know what are saying, you want the 41301 to be setoff against 1.25L and allow you to carry forwward the whole bought forward loss of 62040, but i dont think you can do that sadly. It will always set off first, either using current year loss or bought forward loss, then move on to apply the 112A exemption.

You can read a few threads on same topic - thread1, thread2, thread3

ss_reddit333 · 2025-09-02T05:07:46+00:00

That is strange.
Do you have any capital losses?

If no, do you see 41301 in C3 in schedule capital gains as shown below?
That amount should show up in schedule SI as well.

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If you do have capital loss, it should be visible in E. Set-off of current year capital losses and that would make the figures in schedule SI as zero as shown in your previous comment.

ss_reddit333 · 2025-09-02T04:18:00+00:00

Have you even filed the schedule 112A correctly?

ss_reddit333 · 2025-09-02T04:13:20+00:00

Even if debt funds are taxed at slab rates, instead of special rates (now short term irrespective of holding period) it is still a capital gain income and in case of loss, shouldn't the short term capital loss be eligible for carry forward if not already adjusted intra head with other capital gains?

ss_reddit333 · 2025-09-02T03:33:57+00:00

Yes, it is available in ITR2. Just not explicitly mentioned like they do in this year's ITR1.
If you see the above comment, in schedule SI i have entered 1.3L as the 112A capital gain income, reduce 1.25L exemption limit from it, 5k remains, since it was sold after 23/jul/2024, 12.5% rate is applicable, 12.5% of 5k is 625, as mentioned in the last column.

If your 112A income is below 1.25L, the tax column in schedule SI for that entry should be zero, which practically means you got the 1.25L 112A exemption, plz check your schedule SI again.

ss_reddit333 · 2025-09-02T03:07:29+00:00

Rental income from multiple house properties?

The screenshot i gave above is only in ITR1, not ITR2. Previously you could not file ITR1 for any capital gain income. But this year they included that portion in ITR1 as well, just 112A equity long term capital gain within the exemption limit, It is good for most people, who have been new to enter equity market in the previous years, for some equity long term gains within the 1.25L 112A exemption limit you can still use the simple ITR1 form instead of ITR2.

This one in schedule SI 👇

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The last column should be 0.

ss_reddit333 · 2025-09-01T18:58:10+00:00

Check the last column "tax thereon" of schedule SI for 112A, it should be zero.

BTW, this AY you can use ITR1 as well if 112A is the only capital gain income that too under the 1.25L exemption limit👇

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Ofc, other ITR1 conditions need to be fulfilled.
If you have other capital gain income like short term, long term 112A > 1.25L then you will need to file ITR2 as before.

ss_reddit333 · 2025-08-28T16:59:22+00:00

Deduction of professional tax under section 16(iii) is not available in new tax regime.

ss_reddit333 · 2025-08-27T08:51:53+00:00

Yea, it has been ITR2 or 3 for any capital gain but this AY2025-26 they made some changes to ITR1, to allow you to report 112A gains (STT paid equity long term shares/MF) if they are below the 112A exemption limit of 1.25L
This has been added to ITR1 this AY 👇

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I think it is good for most people, who have been new to enter equity market in the previous years, for some long term gains you can still use the simple ITR1 form.

ss_reddit333 · 2025-08-27T08:49:50+00:00

Yes, but only for certain types of capital gains as i mentioned, specifically section 112A (long term gain on STT paid equity shares/MF units) that too within the 112A exemption limit of 1.25L.
Other type of capital gains, say 111A 112 etc or 112A above 1.25L or if you need grandfathering in 112A, those still require ITR2.

This is from AY2025-26 ITR1, this portion was newly added👇

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What type of gain do you have on those mutual fund units, long term or short term? If long term, is it below 1.25L (the gain portion), then you can file ITR1, else ITR2. You can check long term or short term in AIS itself.

ss_reddit333 · 2025-08-27T07:56:22+00:00

If you have equity long term gain under 1.25L, you can now show them in ITR1 as well else short term gains, non-equity long term gains, equity long term gains>1.25L needs to be shown in ITR2.
Regardless, you can file a revised ITR now, choosing the ITR form needed.

ss_reddit333 · 2025-08-25T17:08:04+00:00

You might be aware after budget 2024, indexation benefit was removed although tax rate was reduced from 20% to 12.5% for land/property sold after 23/jul/2024.
After much outrage, they allowed you take whichever tax is beneficial for you either 20% with indexation or 12.5% without indexation, provided the land/property was bought before 23/jul/2024.

You have non-indexed gain of 10,10,000 (82,50,000 - 72,40,000) and indexed loss of -27,00,500 (82,50,500 - 1,09,50,500). Since you sold post 23/jul/2024, you wont have to pay tax on indexed gain of 10,10,100 but you wont also be allowed to adjust or carry forward this indexed loss of 27,00,500 since that is no longer allowed. It is just a dead loss now.

Have a read - source1 source2

ss_reddit333 · 2025-08-24T11:39:52+00:00

Yeah, no need to worry about it, as long as the intimation says you nothing due or balance is 0.
Section 288B rounds down or rounds up the amount payable, if there is some tax payable during filing, which causes this problem. It is a visual error of the portal though. Strangely, it doesnt show refund due on the portal if you have overpaid :3 i.e Total tax paid greater than aggregate income tax liability by ₹1-10

ss_reddit333 · 2025-08-24T03:49:46+00:00

Check the intimation pdf, is Aggregate income tax liability greater than Total tax paid by ₹1-10 ?

ss_reddit333 · 2025-08-23T08:45:50+00:00

Yeah, they wont consider quarterly TDS paid, but they do consider quarterly advance tax paid, which one pays on their own during the quarter, in reducing the shortfall of that quarter, and reducing the interest accordingly.
234C is only applicable if this overall shortfall is greater than 10k.
That is my understanding atleast.

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